Your partnership agreement should focus on your unique business relationship and operations. Again, no two companies are the same. However, there are at least 8 important provisions that every partnership agreement should contain: A partnership agreement is a legally advantageous agreement that sets out the terms agreed by the parties and dictates how the business is conducted. Many clauses should be included in the agreement, including those designed to ensure that any conflict that may arise can be easily resolved. The following points should always be included in a business partnership agreement: Do you plan to do business with business partners? When setting up a partnership business structure, you should have a partnership agreement that covers all the main concerns of your business and your relationship with your business partner.